Ronglian Group (SZSE:002642) Days Payable : 361.77 (As of Mar. 2025)

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What is Ronglian Group Days Payable?

Ronglian Group's average Accounts Payable for the three months ended in Mar. 2025 was ¥568 Mil. Ronglian Group's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥143 Mil. Hence, Ronglian Group's Days Payable for the three months ended in Mar. 2025 was 361.77.

The historical rank and industry rank for Ronglian Group's Days Payable or its related term are showing as below:

SZSE:002642' s Days Payable Range Over the Past 10 Years
Min: 91 Med: 134.88 Max: 158.34
Current: 148.89

During the past 13 years, Ronglian Group's highest Days Payable was 158.34. The lowest was 91.00. And the median was 134.88.

SZSE:002642's Days Payable is ranked better than
77.14% of 2559 companies
in the Software industry
Industry Median: 54.46 vs SZSE:002642: 148.89

Ronglian Group's Days Payable increased from Mar. 2024 (205.96) to Mar. 2025 (361.77). It may suggest that Ronglian Group delayed paying its suppliers.

Ronglian Group Days Payable Historical Data

The historical data trend for Ronglian Group's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ronglian Group Days Payable Chart

Ronglian Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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93.02

104.66

109.60

154.89

154.95

Ronglian Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															205.96	118.49	198.98	100.20	361.77

Competitive Comparison of Ronglian Group's Days Payable

For the Information Technology Services subindustry, Ronglian Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ronglian Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Ronglian Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Ronglian Group's Days Payable falls into.

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Ronglian Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Ronglian Group's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (878.359	+	612.04)	/	2 )	/	1755.447	*	365
=	745.1995					/	1755.447	*	365
=	154.95

Ronglian Group's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (612.04	+	524.008)	/	2 )	/	143.274	*	365 / 4
=	568.024					/	143.274	*	365 / 4
=	361.77

Ronglian Group Days Payable Related Terms

Thank you for viewing the detailed overview of Ronglian Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ronglian Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ronglian Group Ltd (SZSE:002642) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

A10 Jiuxianqiao North Road, UEC Plaza, Building 106, Chaoyang District, Beijing, CHN

Website

http://www.ronglian.com

Ronglian Group Ltd provides IT solutions and services. Its services include system integration, software development, project management and service system, enterprise cloud service, and other services. The company provides services to education industry, manufacturing industry, finance industry, and telecom industry.

Executives

Wang Dong Hui	Directors, executives
Fang Yong	Directors, executives
Ju Hai Tao	Directors, executives
Huo Xiang Qi	Directors, executives
Han Yan	Executives
Zhao Chuan Sheng	Executives
Luo Li Cheng	Executives
Wu Xuan	Executives
Peng Jun Lin	Executives
Lu Ya Feng	Supervisors
Zhang Tong	Directors, executives
Shi Wei Hua	Directors, executives
Ding Hong Zhen	Executives
Gao Feng	Executives
Gao Si Hua	Independent director

Ronglian Group Headlines

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